Price T Rowe Associates Inc. MD Has $668.51 Million Position in Invesco QQQ $QQQ

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Invesco QQQ by 35.2%, now holding 1,425,627 shares worth approximately $668.5 million.
• Goldman Sachs Group Inc. significantly increased its position by 959.6%, acquiring over 21 million shares, bringing its total holding to approximately $11.3 billion.
• Invesco QQQ recently declared a quarterly dividend of $0.5911, resulting in an annualized yield of 0.4%.

Price T Rowe Associates Inc. MD reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425,627 shares of the exchange traded fund's stock after selling 774,193 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.23% of Invesco QQQ worth $668,506,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ during the 1st quarter worth about $2,775,904,000. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after buying an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after buying an additional 54,944 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.5%

Shares of NASDAQ QQQ opened at $571.97 on Friday. The firm's 50-day simple moving average is $557.92 and its 200 day simple moving average is $515.81. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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